Format:
1 online resource (xvii, 192 pages)
,
digital, PDF file(s)
ISBN:
9781009465212
,
9781009465229
,
9781009465250
Content:
The economics of monopsony power results in lower wages and other forms of compensation, as well as reduced employment. Wealth is transferred from workers to their employers. In addition, the employer's output is reduced, which leads to increased prices for consumers. Monopsony in Labor Markets demonstrates that elements of monopsony are pervasive and explores the available antitrust policy options. It presents the economic and empirical foundations for antitrust concerns and sets out the relevant antitrust policy. Building on this foundation, it examines collusion on compensation, collusive no-poaching agreements, and the inclusion of non-compete agreements in employment contracts. It also addresses the influence of labor unions, labor's antitrust exemption, which permits the exercise of countervailing power, and the consequences of mergers to monopsony. Offering a thorough explanation of antitrust policy, this book identifies the basic economic problems with monopsony in labor markets and explains the remedies currently available.
Note:
Title from publisher's bibliographic system (viewed on 16 Feb 2024)
Additional Edition:
ISBN 9781009465229
Additional Edition:
Erscheint auch als Druck-Ausgabe ISBN 9781009465229
Language:
English
DOI:
10.1017/9781009465212
